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Message: Re: Dave are you and the BOD alive?
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Feb 12, 2010 10:00AM

I hear you rose. Also kicking myself for not selling at least some of my position in the .60's as well. That being said, I can't change my actions (or lack thereof) of the past and have to focus forward.

Two things encourage me. First, is the recent purchase by Pinetree (500,000 shares @ .50/500,000 2 year warrants exercisable @ .75). Second, is my belief (not totally unfounded) that, as soon as we get through this blockade nonsense, PRB will be deep drilling the JV property just north of Eagle 1. This target, if approved for go ahead, sets itself to be a game-changer for PRB if successful. And I don't think they would go ahead unless there was a high probability that it would be successful.

Timmins is the wildcard at this point in time. Apparently there is one hell of a mess in the process of amalgamating WTM & LSG and this is taking all the focus and energy. Drilling results and further work from the PRB JV property is way down the list of priorities. There is, however, a date fast approaching, where the JV agreement conditions are to be met. If they haven't been, and chances are increasing that they might not be, then PRB can get back 100% title and drill themselves. Lots of "ifs" here but many possible scenarios.

And so we wait.

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